# Metlen to build fourth defense equipment factory in Volos, Greece

Metlen announced a final investment decision to construct a fourth defense equipment factory in the Industrial Zone of Volos, with an investment of approximately €50 million. The factory will be equipped for Leopard 2A8 battle tank technology and is expected to begin operations in the first half of 2027, creating 200-250 new jobs.

- Type: Expansion
- Announced: 2020-02-24
- Where: Volos Industrial Zone, Greece
- Value: $55.0M (50.0M EUR)
- Jobs: 250
- Starts operating: Q3 2027
- Status: announced
- Products: defense equipment, battle tank components
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Metlen Energy & Metals](https://endata.com/companies/45475.md)

## Sources

- [ekathimerini.com](https://www.ekathimerini.com/economy/1279709/metlen-expands-defense-production-in-volos/), 2020-02-24: "Just three months after Prime Minister Kyriakos Mitsotakis' visit to the third factory in the Volos Industrial Zone, Metlen has already submitted a business plan to be included in the Strategic Investments Law for a new industrial complex."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.